1515 Formosa Road Collinsville, IL 62294

$1,150,000
1515 Formosa Road Collinsville, IL 62294
0 Square Feet
Tax History: $1550 - 2019
Estimated Payment: $5,446 Per Month*
Based on a 30-year fixed rate of 5.88% with 20% down. [ Change ]
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Property Description

$1,150,000  , Located in COLLINSVILLE.   ZIP Code: 62294

Calling all Builders and Developers! This centrally located property has all kinds of potential for multi-use development! Approximately 16 acres fronts on State highway 40 or Troy Rd. where several other Commercial tracts have been developed recently. These tracts run parallel to I-55/70 w/ good visibility. Check w/ Madison County but it appears to be a good layout for 5 or 6 Two to Three acre tracts. Formosa Rd consists of approximately 1700 ft of road frontage. Public water & sewer are located on the east side of Formosa perfect for a residential development. Call for utilities maps on file from the City of Troy. Farm income approx. $18,000 per year. The home with 2 acres must be sold at the same time. See mls#21038785 home is w/ 2 acres for $350,000. This location is perfect for a residential development with Troy Schools or industrial since there is industrial on East side of Formosa. Quick access to I-55/70 to Edwardsville, to St. Louis or to I-270.
This property is located on 55.23 Acre(s).

Near By Listings
Main Features:
Approximate lot size is 55 Acre(s)
Elementary School: TRIAD DIST 2
Middle School: TRIAD DIST 2
High School: Triad
MLS#: 21038788
Listing ID: 16970
Updated: 394 days ago
Days on site: 61 days

Listing provided by

Michael Bockhorn
Re/Max Alliance
* The Estimated Payment is offered as a tool for your convenience and is not an offer of credit. Actual mortgage rates and fees vary depending on your lender. Please check with your local lender for accurate mortgage rate information.

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Landmark Realty
Phone: 618-560-8201
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